Word: ratings
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Dates: during 1940-1949
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...nation we are approaching at a meteoric rate closer and closer to the edge of spiritual darkness and Christian bankruptcy. At the moment, our decencies of life, such as remain, are the coppers of our spiritual capital, which, like our gold reserves, are rapidly diminishing...
There were signs, too, that U.S. consumers were spending again. The Federal Reserve Board reported that April had witnessed the end of the unraveling in textiles and some other nondurable goods. June installment buying hit an alltime record of $9.1 billion. And despite the increase in unemployment, the rate of personal income was still running above 1948. Some businessmen began to feel almost as cheerful as General Mills's Chairman Harry A. Bullis, who said last week: "We are on our way towards a soundly priced American prosperity that can be sustained...
Although the steel industry had been Gloomy Gussing for weeks as its production rate sagged and its backlog of orders thinned, first-half earnings for many companies were the best in history. U.S. Steel's $94 million net was up 76%, Bethlehem's $59.9 million a shade less than 100%. But Bethlehem's Chairman Eugene G. Grace, who first warned against slackening steel demand six months ago, now said: "We have been living on our accumulated fat ... and it is getting thin...
...public utilities, once so ailing, were doing almost as well as steel and autos, thanks to a bracing tonic of rate increases. Southern Bell Telephone & Telegraph, A.T. & T. controlled, boosted...
...industry's average wage rate, $1.65 an hour, was already above the new minimum...